The stock market is filled with uncertainty and people questioning how long this economic expansion is going to continue. The reality is that even the world’s most successful investors cannot accurately predict where the market is heading. We must accept that certain things like economic and market conditions are out of our control. What we can control is how we approach investing. A tried and true formula is long-term investing which involves staying invested and continually investing no matter what the market is doing. More importantly, a successful long-term investor has a plan and sticks to it no matter what their gut is telling them. Here are the 6 principles for long term investing:
Being a long-term investor is not as easy as it sounds. It involves staying invested and sticking to a plan when everyone else around you may be panicking. It requires you to face the reality that certain things are out of your control. Working with an advisor can help alleviate some of these stresses. At Blue Bell Wealth Management, we would be happy to sit down with you and discuss a long-term investment strategy.